Caesars Fined for Role in 2007 Gambling Spree

By

Alexandra Berzon

March 19, 2013 12:54 p.m. ET

New Jersey gambling regulators this month fined Caesars Entertainment Corp. $225,000 for the casino giant's role in a 2007 gambling spree in which a self-confessed gambling addict lost more than $120 million.

Even though the incident took place in Las Vegas, New Jersey's Division of Gaming Enforcement told Caesars in a letter that the company...